Transcript: Axelrod

KRUGMAN: And -- and -- and inflation is still a danger.

NOONAN: Oh.

TAPPER: That's...

NOONAN: It is a rich and varied nation. We have many interesting individualists living here. I think the disturbing thing we saw, probably, was interesting parenting styles with regard to the poor little kid who -- who seems to have been problematic within his family and got sick on live TV.

STEPHANOPOULOS: He got sick on live TV, George Will. And Diane Sawyer actually had to tell the parents, do you want to go take care of your kid?

WILL: First thing's first. We walk into this studio every Sunday morning past a big inscription on the wall outside from Richard Nixon that says, "The American people don't believe anything until they've seen it on television." There just has to be a coda, "Don't believe what you see on television." We'll be all set.

DIONNE: You know, I like the idea of moving from car chases to balloon chases, but as soon as you exploited the kid, you said, oh, my god, you took this delightful story and turned it into a terrible story.

NOONAN: Yes.

KRUGMAN: No further comments.

STEPHANOPOULOS: He's going to say inflation is still a danger when we --you folks go into the green room. You can all check it out later on abcnews.com. And you can get political updates all week long by getting our daily newsletter, which is also on abcnews.com.

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